Bajaj Allianz Cash Assure

This is needless to say – everything you do now, work late night, try to save more, limit your personal expenses etc., you do it for the happiness and security of your family. Bajaj Allianz understands the important of finances at every step of life. Therefore, they have designed Cash Assure.

 

It is a conventional money back plan that offers complete protection as well as compulsory savings in the form of lump sum disbursements at regular intervals. This helps you meet your short-term financial needs so that you can take care of your family without burning holes in your pocket.

 

Bajaj Allianz Cash Assure – Key Benefits

How does the policy functions?

First of all, you can tailor the plan as per your needs. For this, you have to select the sum insured, policy term and payment frequency and you are done. Remember, the term select by you will determine the amount of the money back you ought to get from the company as well as the intervals for getting the same. The amount of premium depends on the amount insured by you, sex, age, policy tenure and frequency of payment (premium).

What benefits you can avail?
Maturity and survival benefits – If all your outstanding premiums are clear, you will receive the following:

 

Maturity Benefit	Related Benefits on the date of maturity
Survival Benefit	Money back on every due date

 

To know more about the money backs at the end of plan years, take a look at the table:

 

Money Back/ Policy Term	16 Yrs.	20 Yrs.	24 Yrs.	28 Yrs.
1	4	5	6	7
2	8	10	12	14
3	12	15	18	21

 

The survival as well as maturity benefits you ought to get are given as under:

Policy Term	16 Years	20 Years	24 Years	28 Years
Money Back	15% of SA	20% of SA	25% of SA	30% of SA
Maturity Benefit	60% of SA+ VB, if any + TB, if any

 

Note: SA = Sum Assured, VB = Vested Bonus and TB = Terminal Bonus

Death Benefit –

In case of the unfortunate death of the insured while the policy is active – death benefit = the SA on Death + VB, if any + IB (Interim Bonus), if any + TB, if any, up to 105% (minimum) of the sum of premiums cleared, will be given to the nominee, provided all due premium payments are done. The SA on Death = higher of (i) 10 X of the annualized premium or (ii) SA. Here X represents times.

 

Additional Rider Benefit –

You can also get yourself extra coverage by selecting extra rider benefits by paying a nominal extra fee. You can avail the following riders from Bajaj Allianz:

 

 

Eligibility Checker

Criteria	Explanation
Minimum Age at Entry	0 Years
Maximum Age at Entry	54 Years
Minimum Maturity Age	18 Years
Maximum Maturity Age	70 Years
Policy Term	16, 20, 24, 28 Years
PPT	Chosen Policy Term minus 5 Years
Minimum Premium	Term	Monthly	Quarterly	½ Yearly	Yearly
	16 Yrs.	900	3000	5000	9000
	20 Yrs.	800	2500	4500	8000
	24 Yrs.	700	2300	4000	7000
	28 Yrs.	650	2000	3500	6500
Maximum Premium	According to the sum insured selected
Minimum Sum Insured	Rs. 100,000
Maximum Sum Insured	Related to underwriting
Frequency of Premium Payment	Monthly, Quarterly, ½ Yearly, Yearly

 

Frequently Asked Question
Is there any surrender benefit?

In case, you want to surrender the policy you have taken, for whichever reason(s), you can always do that, provided you have cleared the premiums of minimum 3 years. The surrender value (SV), you ought to get will be the higher of GSV (Guaranteed Surrender Value) and SSV (Special Surrender Value).

What is HSAR?

HSAR stands for High Sum Assured Rebate. It is a discount benefit, wherein you can avail a rebate of Rs. 4.50 for every complete extra SA of Rs. 1000/- purchased by you and for more than 1,00,000 SA.